Fraudulent Behaviours in your workforce

Fraudulent Behaviours in your workforce

When it comes to hiring your employees, you want to make sure you are making the right decision. Over the past decade, it known that Australian employers have lost a massive $350 million in 102 cases of employee fraud. The largest amount stolen was $27.4 million, with an additional six cases involving at least $10 million being taken by the employee/s.

Employee fraud is more common than most businesses think. Managing employee fraudulent behaviour is critical in ensuring that it will minimise, mitigate and reduce the impact of this. One key element that will assist is incorporating employment checks into your business process to ensure there is no inadequate hires.

How do we manage Fraudulent behaviours in the workforce?

The most important aspect to managing this risk is ensuring that the business has solid controls in place to deter fraudulent behaviours. This will always occur at the beginning with your employment process. At Rapid Screening, we can help you design, implement controls that help you prevent, detect and deter fraudulent behaviour.

What we do:

Verify the candidate's identity

One of the primary benefits of employment checks is that they can help verify a candidate's identity. This is particularly important in industries where there is a high risk of fraud, such as finance or healthcare. By checking a candidate's driver's license, Medicare card or passport, we can ensure that they are hiring the right person for the job. This can help prevent individuals from using false identities to obtain employment, which can be a red flag for fraudulent behaviour.

Verify employment history

Employment checks can also help verify a candidate's employment history. This can help ensure that they have the necessary skills and experience for the job. It can also help prevent individuals from lying about their past employment to make themselves appear more qualified than they actually are. By verifying a candidate's employment history, we can make sure that they are hiring someone who has the skills and experience necessary to perform the job effectively.

Criminal record checks

Conducting criminal record checks is another important aspect of employment checks. Criminal record checks can help identify individuals with a history of fraudulent or criminal behaviour. This can help prevent you from hiring individuals who may pose a risk to the company or its customers. By checking a candidate's criminal record, companies can identify potential red flags and make more informed hiring decisions.

Financial history checks

Financial history checks can also help reduce fraudulent behaviour in the workplace. By checking a candidate's financial history, companies can identify individuals with a history of financial problems or fraudulent behaviour. This can help prevent companies from hiring individuals who may be more likely to engage in fraudulent behaviour, such as embezzlement or theft.

 

Overall, employment checks are an important tool for companies looking to reduce and manage fraudulent behaviour in the workplace. By verifying a candidate's identity, employment history, criminal record, and financial history, companies in the beginning you are able to prevent, detect and deter fraudulent behaviour saving time, money, and reputation.

Contact us to help you optimise your business and employment needs with our services.


By Rapid Screening | 15 May 2023

Share This Article


The Essential Guide to Aged Care: Everything You Need to Know

The Essential Guide to Aged Care: Everything You Need to Know

29-05-24
Do i need a Police Check to Work in Aged Care? Here's What You Need to Know

Do i need a Police Check to Work in Aged Care? Here's What You Need to Know

05-03-24

Get Your National Police Check Within 1hr*


Accredited Australian National Criminal History Check

Start a New Application
ARCHIVE OF BLOGS